Apr
06
2011

Yahoo! Share Falls to 14.25% from 6.25% | Yahoo! get Down | Is Yahoo! Down?

Yahoo shares took a sharp fall on Tuesday as quarterly revenue growth of two percent fell short of expectations of analysts on Wall Street. Yahoo said its 2nd quarter net profit rose 51 percent over a year earlier to 213 million dollars. Per share earnings were at 15 percent, better than the 14 percent analysts forecasted. While quarterly net profits and earnings per share topped analyst expectations, revenue increased by a mere 2 percent in the quarter ending June 30 to 1.6 billion dollars. Yahoo’s slow growth was a sharp contrast to Google’s quarterly revenue growth reached 24 percent. Yahoo shares dropped 6.25 percent to 14.25 dollars in after-hours trading after the results were announced, after gaining 0.66 percent before the market closed. Yahoo said it expected third-quarter revenue growth to push to between 1.57 and 1.65 billion dollars. Yahoo Chief Executive Officer Carol Bartz said the company is pleased that they “continued to deliver strong operating income and margin expansion,” even if they “were at the low end of our revenue guidance.” Bartz said Yahoo gained market share in the lucrative search and advertising market in the quarter, but still didn’t meet expectations. MORE INFO.. Yahoo’s search advertising revenue declined by eight percent in the quarter while display advertising revenue increased by 19 percent. “Display growth was very strong and search is stabilizing,” Bartz acknowledged.A number of people trying to use Yahoo this morning were disappointed and reported that Yahoo was down, including their Yahoo E-Mail accounts. At this time, Yahoo has not addressed the issue, but users are reporting they are finally able to access their accounts. Is Yahoo having difficulty with their DNS servers? This isn’t the first time that Yahoo has been down, and undoubtedly it won’t be the last. If you go to Yahoo.com, the site will open and you may access your Yahoo Mai account. Read MOreā€¦ It is unclear how widespread the outage was, where the site was down, and if it extended beyond the United States into other countries. If you are having difficulty accessing Yahoo, be sure to clear your computer cache before trying the site again.

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